Next (NXT)

Sector:

Retailers

Index:

FTSE 100

9,232.00p
   
  • Change Today:
      44.00p
  • 52 Week High: 9,298.00
  • 52 Week Low: 6,346.00
  • Currency: UK Pounds
  • Shares Issued: 127.13m
  • Volume: 175,988
  • Market Cap: £11,736m
  • RiskGrade: 153

Next experiences 'sharp reversal' of lockdown trends in H1

By Iain Gilbert

Date: Thursday 04 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Clothing retailer Next said on Thursday that sales in the first half had been "dominated" by "a sharp reversal" of the previous year's lockdown trends.
Next stated second-quarter full-price sales were up 5% year-on-year, driven by a 0.2% increase in online sales and a 12% jump in retail sales amid "unusually warm and dry weather" in June and July.

The FTSE 100-listed group also increased its full-year profit guidance by £10.0m to £860.0m and raised earnings per share forecasts by 7.2%. Full price sales guidance for the second half was also maintained at 1.0%.

Next also highlighted that many product trends also returned to pre-pandemic norms, with lockdown winners such as home and sportswear retreating, while formalwear returned to favour. Online returns rates and surplus stock also reverted to pre-Covid levels.



Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Next Market Data

Currency UK Pounds
Share Price 9,232.00p
Change Today 44.00p
% Change 0.48 %
52 Week High 9,298.00
52 Week Low 6,346.00
Volume 175,988
Shares Issued 127.13m
Market Cap £11,736m
RiskGrade 153

Next Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.59% below the market average76.59% below the market average76.59% below the market average76.59% below the market average76.59% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
90.17% above the market average90.17% above the market average90.17% above the market average90.17% above the market average90.17% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
19.04% below the market average19.04% below the market average19.04% below the market average19.04% below the market average19.04% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Growth
28.56% above the market average28.56% above the market average28.56% above the market average28.56% above the market average28.56% above the market average
65.00% above the sector average65.00% above the sector average65.00% above the sector average65.00% above the sector average65.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 13
Sell 1
Strong Sell 1
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Next Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jul-24 07-Dec-23
Paid 01-Aug-24 03-Jan-24
Amount 141.00p 66.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 6 @ 9,232.00p
16:35 126,222 @ 9,232.00p
16:35 1 @ 9,232.00p
16:35 109 @ 9,232.00p
16:35 47 @ 9,232.00p

Next Key Personnel

CEO Wolfson Aspley Guise
Finance Director Amanda James
Chair Michael J Roney

Top of Page